Zacks Investment Research cut shares of Burberry Group (OTCMKTS:BURBY) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
According to Zacks, “Burberry Group plc is engaged in the designing, sourcing, manufacturing and marketing of luxury clothing and non-apparel accessories. The Company’s products include outerwear, fragrance and beauty products, eyewear, watches, trench coats, small leather goods, handbags, totes and mufflers, scarves, shoes, belts and jewellery. It sells through a diversified network of retail, digital, wholesale and licensing channels worldwide. Burberry Group plc is headquartered in London, the United Kingdom. “
Other equities research analysts also recently issued reports about the stock. Berenberg Bank downgraded shares of Burberry Group from a buy rating to a hold rating in a research note on Thursday, January 10th. Credit Suisse Group reissued a neutral rating on shares of Burberry Group in a research note on Friday, February 8th. Bank of America raised shares of Burberry Group from an underperform rating to a neutral rating in a research note on Monday, January 14th. Finally, Goldman Sachs Group downgraded shares of Burberry Group from a neutral rating to a sell rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Burberry Group presently has an average rating of Hold and an average target price of $27.00.
Burberry Group stock opened at $25.06 on Tuesday. The company has a market capitalization of $10.19 billion, a PE ratio of 22.58, a P/E/G ratio of 2.51 and a beta of 0.82. Burberry Group has a 1 year low of $20.65 and a 1 year high of $30.19.
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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